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Search Results 0 to 12 of about 13 (some duplicates have been removed)
brinksmanship, not scare the heck out of folks quite so much. >> reporter: eric cantor voted no on the compromise. he dropped efforts to amanned the bill to add more spending cuts after failing to get enough fellow republicans to agree. >> the senate bill failed in cutting spending. >> this is unacceptable. >> reporter: the compromise makes bush era tax cuts permanent for individuals who make less than $400,000 a year and families who earn under $450,000 a year. president of the san fransisco republican assembly. >> we are spending much more than we take in. we're borrowing to spend just as we have an addiction with spending our spending has multiplied. so has our addiction for leaving this till later. >> reporter: congress will have another standoff in two months when it must consider raiding the federal borrowing limit so the government can pay its bill. sharon chin, cbs 5. >>> man is dead after being swept out to sea while working on a marin county beach with his wife and dog. the couple was hit by a wave on north beach in the point reyes national sea shore around 5:30 thi
into session sunday evening. house majority leader eric cantor is telling his members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. harry reid says prospect deals by monday are unlikely. minority leader mitch mcconnell says there's still time for an agreement. >> republicans aren't likely to sign a blank check just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> now, a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. and when asked who they held more response, 27% said the gop, 6% pointed to the dems and 30% said all of the above. for more on this, we're joined by christian schultz from barronberg bank. welcome. so we're going over the fiscal cliff. >> well, the consumer confidenc already be over the cliff in terms of confidence already. that might already be the first impact of the crisis of -- not of the crisis, but yes of the fiscal cliff. it seems we have this moment where this animal goes over the cliff, all limbs a
to be speaking for this bill but i can't. >> reporter: 151 republicans including eric cantor the number two ranging house member voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his addr
, including eric cantor, the number 2 ranking house member, voted against the bill because it doesn't address spending. >> what we're really doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urge them not to play politics with the debt limit. >> i will not have another debate with this congress over whether or not they should pay the bills that they have already racked up. >> reporter: treasury secretary timothy geithner has warned congress the country is just a few months away from defaulting on its loans for the first time in u.s. history. >> the consequences for the entire global economy would be catastrophic, far worse than the impact of a "fiscal cliff." >> reporter: but many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. the bill now goes to president obama for signature. back to you. >> thank you. >>> our other big story the weather this morning. it could b
eric cantor the number 2 ranking house member voted against the bill because it didn't address spending. >> what we're doing is raising taxes to give the president more money to spend. >> reporter: president obama has promised to work with congress to find more spending cuts in the future. but he urged them not to play politics with the nation's debt limit. >> i will not have another debate with this congress other than over whether they should pay the bills they have already racked up. >> reporter: the country is just a few months away from defaulting on their loans for the first too many in history. >> it would be catastrophic, far worse than the "fiscal cliff." >> reporter: many republican congressmen say the debt limit debate is the last chance for them to secure the deep spending cuts necessary to pay down our nation's debt. tara mergener for cbs news, washington. >>> after his address, president obama returned to hawaii to finish his vacation and will sign the bill there. >>> most overseas stock markets rose on news of the u.s. "fiscal cliff" has been averted. the kospi stock exch
worried me, gave me pause about 2013, as i trust it did for you. even yesterday when i heard that eric cantor was going to try to scuttle a hard-fought deal that was overwhelmingly approved in the senate, it gave me again pause about what could happen this morning. i was prepared for a down 300, 400. but cantor, who momentarily was a sure candidate for the wall of shame if he kept up that stuff, he ultimately backed down and we got a deal that everyone dislikes, which is the essence of what it means to rise above politics. you're supposed to dislike it, for heaven's sakes, it's a compromise. right now about the pending battle over the debt ceiling other than the fact that the buyers weren't too scared of the upcoming big bad debt fight today. what makes me not so concerned? i know there are plenty of other people who will wouldorry about the debt ceiling. i don't have to do it. let them worry about it i worry about the things very few people are worried about. i acknowledge i'm fretting over, problems that are thought about in advance by everybody, they have a tendency to be resolved.
top lieutenants voted against it, including majority leader eric cantor. some democrats oppose the deal. in the senate, iowa democrat tom harkin was one of eight senators who voted against it. >> i am not saying everything this deal is bad. there are some good parts to this. but i repeat, i am concerned about this constant drift bit by bit, deal by deal toward more deficits, less job creation, more and fairness, less economic justice. a society where the gap goes wider between the few who have much in the many who have too little. so, mr. president, for these reasons, i must in good conscience vote no on this bill. >> despite passage of the deal, many in the u.s. was the tax increase after the expiration of the payroll tax cut enacted in 2011. when we come back from the break, we will be joined by a boston economist juliet schor. this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman. back in a minute. ♪ [music break] >> "unsatisfied." this is "democracy now!," democracynow.org, the war and peace report. i'm amy goodman with nermeen shaikh. our
eric cantor that he is against the bill. how damning is it that top republicans are coming out saying they're opposed to deal? >> that is very problematic. that could be a situation where a number about republicans say, look we have tax rates that have gone up. it is beyond january 1st, midnight. what this represents, this proposal is a tax cut, a major tax cut, basically for anybody, any family making less than $450,000 a year. on top of that, you also got this next round upcoming that of a debt ceiling fight. there are republicans like senator lindsey graham who are saying look, make sure you take the debt ceiling fight with your spending cuts, for the spending cut fight. why don't we make sure we cut taxes now and move onto that next round? that is a feeling among a number about republicans here. you have a significant amount of democrats, perhaps who could potentially come along with this. it is still so early in the stage, can't believe we're saying it is early in this because it is beyond the fiscal cliff deadline and into new year's day. still lots of to be worked out. a lot of
gop leaders who voted no including the majority leader, eric cantor. the senate passed the measure early tuesday morning. and the bill raises tax rates for families making more than $450,000 a year, let the payroll tax cut expire, with delays automatic government and military spending cuts by two months. speaking after the house vote, the president thanked congress for approving the deal. >> the sum total of all the budget agreements we've reached so far proves that there is a path forward. that it is possible. if we focus not on our politics but let's -- on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is see figure we can put a package like this together with a little bit less drama, a little less brinksmanship, not scare the heck out of folks quite as much. >> the bill does set up the next fight in around two months when the spending cuts are set to take effect and the u.s. hits the debt ceiling. treasury secretary geithner's trying to take steps to delay that date by halting investment in two government worker pension fund
to the tea party. i have bad news for the tea party. and for party president's whether it is eric cantor from virginia, the majority leader in the house, or the president, but neither of them were elected to make all the roles and come to all the decisions. sort of middle ground will live to be found. simpson-bowles does not provide it. i will give you example. they raise the retirement age by a year or two very slowly. the retirement age task ago to 70 or there's no way out on social security. numbers tell us that. it is that simple. at the same time, its only marginally increases the retirement age and creates a new benefit for high stress occupations. 1,722,000 people would qualify, but all experience with these things, whether you are a republican from georgia or a liberal democrat from manhattan, as soon as a law like that gets passed, people become creative in finding ways to qualify. out of the woodwork, all the folks that would qualify. at the end of the david acton & social security age for everybody was truly disabled and let the market take care of its. people in stress occupations
expected on friday. a statement from house speaker john boehner and majority leader eric cantor said getting aid to the victims of hurricane sandy should be the first priority and the house will vote friday to direct needed resources to the national flood insurance program and on january 15, the first full legislative day of the 113th congress the house will consider the remaining supplemental requests. that a statement from house speaker boehner. two hours ago, new jersey governor chris christie held a news conference on speaker boehner's decision to not hold a vote yesterday on a bill to help victims of hurricane sandy. >> good afternoon. when hurricane sandy made landfall on august 24, 1992, congress and president bush 41 responded within 31 days with a federal aid package. when hurricane gustav made landfall in 2008 and hurricane ike 12 days later, congress and president bush 43 responded in 17 days with a federal aid package. when hurricane katrina made landfall on august 29, 2005, congress and president bush 43 responded with an initial 62.3 billion aid package in 10 days. hurr
Search Results 0 to 12 of about 13 (some duplicates have been removed)

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